Palantir's Revenue Growth Slows but Profitability Improves as Company Crosses $2B Revenue Milestone

This article mentions Palantir Technologies (NYSE:PLTR) stock. The author's recommendation is to remain long on the stock over the long term.

The author's core argument is that Palantir had a strong performance in Q2 2023, with record revenues, profitability, and growth milestones. The company achieved a 13% increase in revenue YoY and surpassed $2 billion in revenue on a trailing 12-month basis for the first time. The author also highlights Palantir's government-first strategy and its growing revenue from the government segment. The commercial segment reported a 10% YoY revenue growth. The introduction of Palantir's Artificial Intelligence Platform (AIP) is another key point mentioned in the article, emphasizing its potential for enhancing data integration and AI application development.

Overall, the article presents positive information about Palantir's performance, growth, and future prospects.